Rivian Automotive (RIVN) closed at $13.50 in the latest trading session, marking a -1.6% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.54%. Elsewhere, the Dow saw an upswing of 0.72%, while the tech-heavy Nasdaq appreciated by 0.65%.Heading into today, shares of the a manufacturer of motor vehicles and passenger cars had lost 0.29% over the past month, lagging the Auto-Tires-Trucks sector's gain of 10.04% and the S&P 500's gain of 4.86% in that time.The investment ...

Rivian knows there aren't shortcuts to building a successful EV company -- but that doesn't mean it's not taking the road less traveled.If you believe that electric vehicles (EVs) are the future of the automotive industry, as I do, then you've likely spent some time trying to figure out which EV makers to invest in. Is it better to choose an automotive stalwart or opt for an EV start-up with lots of potential upside?You don't have to choose either/or, of course, but if you've got just $500 to invest right n ...

Rivian Automotive (RIVN) closed the latest trading day at $13.72, indicating a -1.51% change from the previous session's end. This change lagged the S&P 500's daily gain of 0.75%. On the other hand, the Dow registered a gain of 0.58%, and the technology-centric Nasdaq increased by 1%.Shares of the a manufacturer of motor vehicles and passenger cars witnessed a gain of 5.13% over the previous month, trailing the performance of the Auto-Tires-Trucks sector with its gain of 8.02% and outperforming the S&P 500' ...

California-based electric vehicle (EV) startup Rivian Automotive (RIVN) has been witnessing deteriorating estimate revisions for its bottom line lately. Over the past week, estimates for Rivian’s loss per share have widened for the remaining quarters of 2024 and for full-year 2024 and 2025. Given these estimate revisions, it seems that analysts are losing confidence in the stock. With concerns regarding Rivian’s near-term outlook growing, is it time for you to sell the stock or stay patient through the down ...

Electric truck maker Rivian's $5 billion deal with Volkswagen Group nets Rivian some much-needed cash. But it also gives Volkswagen a path to a future in the auto industry it has struggled to gain on its own.In its short lifespan, Rivian has enjoyed praise from the automotive press, received chart-topping customer satisfaction ratings, gone through one of the biggest initial public offerings of all time, and watched its market value swell to $150 billion.But since then, Rivian's shares have plummeted. As of ...

Rivian Automotive, Inc. (NASDAQ:RIVN) Goldman Sachs Communacopia + Technology Conference September 9, 2024 11:50 AM ET Company Participants Mark Delaney - Goldman Sachs Conference Call Participants Claire McDonough - Chief Financial Officer Mark Delaney Okay, great. Thank you everybody for joining. My named is Mark Delaney, I cover Rivian for Goldman Sachs. Very pleased to have with us yet again this year Claire McDonough, the CFO of Rivian. Thanks for joining. Claire McDonough Thanks for having me. Questio ...

Rivian Automotive, Inc. Conference Call Summary Company Overview - **Company**: Rivian Automotive, Inc. (NASDAQ:RIVN) - **Event**: Goldman Sachs Communacopia + Technology Conference - **Date**: September 9, 2024 - **Participants**: Claire McDonough (CFO), Mark Delaney (Goldman Sachs) Key Points Industry and Market Position - Rivian was ranked number one by Consumer Reports for owner repurchase intent, indicating strong customer loyalty and brand positioning [2][3] - The company aims to build not just the best electric vehicle (EV) but the best vehicle overall, focusing on performance, capability, and unique features [3][4] Demand and Production Challenges - The demand environment is challenging due to macroeconomic factors and supply chain issues, impacting Rivian's production capabilities [6][7] - Rivian has faced supply-related challenges, leading to limited availability of certain models like the R1T [7][8] - The company is working to increase brand awareness and vehicle availability through physical locations and test drives [8] Production Capacity and Future Outlook - Rivian anticipates a production capacity of 150,000 units, increasing to 215,000 units with the introduction of the R2 model in 2026 [12][14] - The company plans to maintain two shifts of operation for R1 production and a limited shift for commercial vans in 2025 [12][14] Commercial Vehicle Opportunities - Rivian's commercial van program has potential applications beyond last-mile delivery, including mobile service vehicles [16][17] - The company expects significant commercial van sales opportunities to develop in 2025, following pilot programs in 2024 [20][21] Software and Services Revenue - Rivian is focusing on software and services as a key revenue driver, with opportunities in financing, insurance, and software-enabled services [22][24] - The company has launched subscription services like Connect+ and plans to introduce paid features for its autonomy platform in 2025 [24][26] Regulatory Credits - Rivian has secured $200 million in regulatory credits for 2024, which will enhance profit margins on vehicle sales [29][30] Product Development and R2 Launch - The R2 model is on track for development, with significant pre-order interest noted shortly after its announcement [33][34] - The R2 is designed for global markets, with plans to expand sales beyond North America [46] Financial Performance and Profitability Goals - Rivian expects modest positive gross profit in Q4 2024, driven by variable cost improvements and regulatory credits [47][48] - The company aims for positive adjusted EBITDA by 2027, targeting production of around 200,000 units annually [53][54] - Software and services are expected to contribute significantly to achieving a long-term gross margin target of 25% [56] Competitive Landscape - Rivian acknowledges the competitive landscape, emphasizing the need to differentiate through product quality rather than just being an electric vehicle [66][68] - The company aims to convert traditional internal combustion engine (ICE) vehicle buyers to EVs by showcasing the capabilities of its products [68] Additional Insights - Rivian is actively working on a joint venture with Volkswagen to enhance its electrical and electronic architecture, with a definitive agreement expected by Q4 2024 [37][38] - The company is also exploring international markets, particularly in Europe, to establish a foundation for future vehicle launches [43][44] This summary encapsulates the key insights and strategic directions discussed during the conference call, highlighting Rivian's current challenges, future opportunities, and overall market positioning.

The electric vehicle stock is giving investors plenty of reasons to stay bullish.Rivian Automotive (RIVN 2.65%) stock gained a staggering 84% in the three months between May and July. That seemingly unstoppable rally ground to a halt last month, with the electric vehicle (EV) stock losing 13.9% of its value in August, according to data provided by S&P Global Market Intelligence. Rivian shares remain under pressure and are down another 4% this month, as of this writing.What's going on with Rivian stock?Rivia ...

One Wall Street analyst is super bullish on Rivian stock. He might be right.Wall Street doesn't know what to make of Rivian (RIVN -3.71%) stock. Price targets range from $14 to $19 per share. With the stock price currently hovering around $13, there's either minimal near-term upside or plenty of it. So which is it? One analyst recently reaffirmed his outperform rating for Rivian, reiterating confidence in his $19 price target with 42% in expected upside, the most bullish outlook on Wall Street. Could there ...

Rivian shares remain volatile. Is now finally the time to buy?Rivian (RIVN -3.71%) has been a difficult stock to pin down. Shares have soared by 100% or more during certain trading periods. But over the long term, the stock has been a major loser. Since shares went public in 2021, they've lost around 90% of their value.Yet Rivian operates in one of the largest industries in the world: Transportation. Specifically, it's competing in one of the fastest-growing categories of the transportation industry -- elec ...